Intech Investment Management LLC Grows Stake in Exelon Corporation $EXC

Intech Investment Management LLC boosted its position in shares of Exelon Corporation (NASDAQ:EXC) by 37.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 61,334 shares of the company’s stock after purchasing an additional 16,758 shares during the quarter. Intech Investment Management LLC’s holdings in Exelon were worth $2,663,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Hager Investment Management Services LLC raised its stake in shares of Exelon by 100.0% during the 2nd quarter. Hager Investment Management Services LLC now owns 670 shares of the company’s stock worth $29,000 after buying an additional 335 shares during the last quarter. ANTIPODES PARTNERS Ltd purchased a new position in Exelon during the 1st quarter valued at about $34,000. Investment Research & Advisory Group Inc. acquired a new position in Exelon during the second quarter worth about $39,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in Exelon during the first quarter worth about $42,000. Finally, Sound Income Strategies LLC lifted its holdings in shares of Exelon by 213.7% in the second quarter. Sound Income Strategies LLC now owns 1,189 shares of the company’s stock valued at $52,000 after purchasing an additional 810 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Price Performance

EXC stock opened at $45.56 on Thursday. The stock has a market capitalization of $46.03 billion, a price-to-earnings ratio of 17.32, a price-to-earnings-growth ratio of 2.93 and a beta of 0.44. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.66. Exelon Corporation has a 52-week low of $35.94 and a 52-week high of $48.51. The stock’s fifty day simple moving average is $45.82 and its 200-day simple moving average is $44.48.

Exelon (NASDAQ:EXC) last released its earnings results on Tuesday, November 4th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.69 by $0.17. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The firm had revenue of $6.71 billion during the quarter, compared to analyst estimates of $6.40 billion. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Equities research analysts expect that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, November 10th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Monday, November 10th. Exelon’s payout ratio is presently 57.35%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on EXC. KeyCorp raised their price objective on shares of Exelon from $37.00 to $42.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 15th. Barclays raised their price target on Exelon from $48.00 to $52.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. BTIG Research assumed coverage on Exelon in a research report on Tuesday, October 21st. They issued a “neutral” rating on the stock. UBS Group increased their price objective on Exelon from $48.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. Finally, Wells Fargo & Company raised shares of Exelon to a “strong-buy” rating in a research note on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $50.55.

Exelon Company Profile

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.